Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hemp in California: Amid legal confusion, many counties saying no to hemp – for now
“I blame the state for complete incompetence and dropping the ball and destroying millions of dollars in business, because a lot of people basically stopped their farm projects,” Chris Boucher, who owns Farmtiva, an agricultural services and consulting company based in San Diego, told Hemp Industry Daily.
https://hempindustrydaily.com/hemp-in-california-amid-legal-confusion-many-counties-saying-no-to-hemp-for-now/
Leading the example of such a GreenZone Hero supportive company is Charlotte's Web Hemp. "We are extremely humbled and honored to have the membership and support of Charlotte's Web Hemp," said Krotec. "In fact, they were the first hemp-sector company in America to support the GreenZone Hero 'Mission to Honor Freedom'. They truly understand how important it is to make available to Veterans and the cannabis community cutting-edge products that can help people lead more productive lives," said Krotec. Other GreenZone Hero supportive business members in the CBD/Hemp sector include Koi CBD, TrytheCBD, and Carolina Hemp Company just to name a few.
https://www.prnewswire.com/news-releases/greenzone-hero-and-the-green-life-app-connect-the-patriotic-marketplace-with-the-cannabis-industry-300856517.html
Depending on the forward guidance and the announcements on the CC Wednesday this should push up through that trend line within the next two weeks.
CORRECTION. This has nothing to do with the shelf offering, so no extra cash to CWEB, misread the PR the first time.
Better actually throw some gasoline on this flickering flame to get us going again. Love this company and their story but IR/PRs have been the worst display of stock management I have literally ever seen. The only reason the stock hasn't done worse is because there are thousands of us out there that realize the true potential of this stock and are remaining unwavered. Not to IRs credit though for sure.
Honestly this is best case scenario to not have the over-allotment looming over us any longer. Puts some extra cash on the BS too which I hope they will be using soon for an acquisition or expansion. Can't justify large market cap of 5-10 billion with the BS that we currently have. Just doesn't make sense until our revenues pick up.
I expect at least one question regarding this on the CC. A reasonable explanation that $$15 was market value when the deal was originally negotiated will ease shareholder tensions and lift the price relatively quickly. Excited for Tuesday/Wednesday.
Wonder who is providing SB with all their hemp/CBD extract lolol... better not be at too discounted of a price
https://www.instagram.com/p/Bxtqd0ggOc0/
We should hear more at the FDA meeting EOM. They have been conducting trials all of April and May.
http://wallstbulletin.com/2019/05/report-fda-to-announce-first-round-of-cbd-trial-approvals-with-nationwide-pet-treatment-approval/
Old but interesting little study... very biased as it compares CW's lowest concentrate oil to Bluebird's highest. If you actually compare CW Original Formula to Bluebird's 6x, CW blows it out of the water for best oil for the money.
Price per mg of extract is 0.0288 cents for CW (8600mg for $274.99) vs 0.0733 cents for Bluebirds 6x (1500mg for $109.95)
http://bhsynergygroup.com/consumerlab-cbd-products-lab-review/
Historically Q1 has always been CWs worst quarter in terms of growth and overall sales for the year so hopefully people pay attention to that on the CC, as well as the increased store count and forward guidance instead of the fact that revenue has only marginally increased over last quarter.
Tough to say what the next 7 trading sessions hold for us. All the indicators our on our side with it being oversold, under MA, etc. but volume is our enemy until we have news on the 28th. IMO I would guess we see just a modest 1-2% buildup per day until the forward guidance on the CC rips in back open like last time.
The sooner the FDA regulates third party testing the better. Too many random moonlighters out there extracting this stuff and selling crap that has zero CBD in it. Dr. Oz did an independent lab study on this back in February with 10 out of 13 failing to contain what they claimed on the label (unfortunately he didn't name the brands or else those 10 would be out of business) and the problem has just gotten worse - which is why CW is set up for ultimate domination since they have one of the best products on the market and the proper controls in place already to ensure product consistency and quality.
The Selling Shareholders have agreed to grant to the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part at any time and from time to time for a period of 30 days following the Closing Date, to purchase up to an additional 1,050,000 Common Shares from the Company (the “Over-Allotment Shares”) (representing 15% of the Common Shares offered pursuant to the Offering), on the same terms as set forth above solely to cover over-allotments, if any, and for market stabilization purposes.
Market stabilization is the key words here and they have 30 days to exercise. So if price goes to 9 in the next 30 days they will exercise - very unlikely, dont think i've seen this happen too often for a solid company.
Can someone tell nowwhat to look at post 7616 - i only get 15 posts a day.
I believe he is referring to the clause basically saying if share prices sort of tank there is an over allotment option to help mitigate these losses. It's pretty standard language in these types of offerings.
I was also invested in the Tilray boom when that happened and you cant tell me that any indicator you or anyone else could have had to predict that kinda explosion from $20 to $100. Sorry that I don't sell everytime we reach new highs bc generally always the long term holder wins anyways in a new budding industry.
I had stop limit trades in prior to the reopen of the market so my shares executed immediately open reopen at market price.
Random chance that it came back to the level that it has bc of this share offering. Could have just as easily went higher instead of lower.
Difference between his hourly charts and some of the other people's opinions around here is that we put our money where our mouth is and back our opinions by 5 and 6 figure trades whereas he is just posting hourly predictions based on some lines and magnets that are all over the place - who's opinion are you are more likely to place some trust in?
Stanley Brothers cashing out a very minuscule portion of their overall investment if you read my previous posts... and you have criticized my charting ability in the past and guess who dumped all their shares at 17+ and re bought that afternoon at 15 - this guy. Did you trade any shares since you were so confident in your charting skills?
I sent the question to IR just out of curiosity. See if Cory responds.
Correct - because I think before the sale of those shares the Stanley's and affiliated trusts actually owned close to 45% of the company which is huge. Why would you not tell investors about that and mask it as "pre-IPO shareholders" for the trusts that had considerable holdings that have the Stanley's as beneficiaries.
This would be an interesting question to pose to IR or raise on the next conference call if they do not include updated share structure on a slide.
Insider and founder ownership % being high is a huge investor confidence point if they can relay that properly.
Also based on some of my posts yesterday I would say a lot of that 19% of pre-IPO shareholders that was not being classified as the 32% held by Stanley shareholders was made up of Stanley affiliated trusts (Dec. 31 info)
Thats the only logical explanation for why the Sedar filing shows them retaining 35.5% for Stanley and affiliated trust holdings of common share equivalents (post share resale data).
No charts today showing that it is going to continue to trade around 14.85 until we get news?
Very disappointed in our arts and crafts team for the lack of effort lol
Let the gapping up begin
Total shares do include warrants and options (although that data has changed) - their presentation was previously incorrect. See below for snips for sedar filing. Add up the percentages and the Stanleys and related trusts still own a little over 35% (far right column, second line shows common share equivalents)
So youre showing me a 3 day spread on stocks that got heavily pumped and comparing it to a 3 month spread on CW - this is laughable to the highest degree lol
Cory needs to start doing his fuckin job and stop putting out shoddy work
On the CW investor website for the last earnings presentation they have Stanley Brothers at 32% of total share structure which is incorrect. I just added up all affiliated trusts controlled by the Stanley's, the two sisters, and their mother and they retain approximately 35% of shares even after the recent sale of their shares.
Take a look at page 15/16 of https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00045471&issuerType=03&projectNo=02887843&docId=4522204
Key take away is that they are selling shares to upgrade their lifestyle, as would I or anyone else for that matter, yet still retaining a large control %. Officer and director selling I guarantee was a part of their comp package from the beginning, you can't hire top tier talent without stock compensation. Very happy with how they handled the transaction.
Summary of all material sellers via Sedar docs for 7 million common shares at $140 million CAD:
Stanley's and their affiliated trusts get proceeds from 3,988,287 shares = approximately $80 million CAD
Officers & directors get proceeds from 884,807 shares = approximately $18 million CAD
Stanley's and affiliated trusts still maintain control of 35.35% of all common share equivalents through either common shares or converted proportional voting shares.
I'll see you on the other side of $25 in a few weeks with my big bag of money. Thanks for the selling advice that I won't be taking though
I said anyone who debates the pricing power model has zero business acumen. Do I need to give you references to actual economic theories with demand/price charts and examples of real world scenarios or are you just being argumentative and twisting my words
Some people just don't get it... I see TSX as the most logical uplist scenario if it happens within the next month but it will likely go to the NASDAQ otherwise. Way too expensive to go to DOW/NYSE for a mid cap stock and frankly just doesnt make sense.
The biggest players will and that's all that matters to me and every other owner of CW stock.
I don't have scientific data to prove that Jefferson whiskey is better than Wild Turkey either but I do know that it goes down the pipe a lot smoother. Product testimonials from actual users are paramount in the CPG industry, as I'm sure you know since you are an expert in everything, so go find me better reviews than what CW has....
TO ALL THE COMMODITY EXPERTS OUT THERE:
All foods are a commodity coming from a farm somewhere unless its processed bullshit which no one wants to put in there body any more. So why do you pay more for one steak vs another, or pay more for Jefferson vs Wild Turkey whiskey (both come from corn, a commodity crop governed by the FDA), or organic certified food vs non organic, or countless other examples.
THE REASON is because you are paying for a higher quality product, which is exactly what the differentiating factor is for CW. If someone can replicate the medical and wellness benefits of their strain, then yes, CW very quickly loses market share and pricing power. Until that happens, CW is years ahead of all competitors and will be the first to pick up major fortune 500 partnerships as they are the most trusted name in the industry.
Anyone who debates this simple logic is either pumping some other stock or is just an idiot with zero business acumen.